National Bank Financial Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Key Points

• National Bank Financial raised Lassonde Industries’ price target to C$264 from C$257 while maintaining a “sector perform” rating, implying 6.03% upside from the current price.
• Analyst sentiment is generally positive: three analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target of C$279.75.
• Lassonde shares rose 2.0% to C$248.99, near their 52-week high of C$253.85. The company recently reported C$7.45 in quarterly EPS on C$737.69 million in revenue.

Lassonde Industries (TSE:LAS.A - Get Free Report) had its target price raised by stock analysts at National Bank Financial from C$257.00 to C$264.00 in a research note issued on Friday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 6.03% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut their target price on Lassonde Industries from C$290.00 to C$280.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Stifel Nicolaus increased their price target on Lassonde Industries from C$280.00 to C$300.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$279.75.

Lassonde Industries Trading Up 2.0%

TSE:LAS.A traded up C$4.80 during mid-day trading on Friday, hitting C$248.99. 2,229 shares of the stock traded hands, compared to its average volume of 1,823. The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 11.00 and a beta of -0.20. Lassonde Industries has a 52 week low of C$202.51 and a 52 week high of C$253.85. The firm's 50 day moving average is C$238.46 and its two-hundred day moving average is C$226.94. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Lassonde Industries (TSE:LAS.A - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$7.45 earnings per share for the quarter. The company had revenue of C$737.69 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. On average, equities research analysts predict that Lassonde Industries will post 18.99 earnings per share for the current year.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.

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